Bulls are in control, as long as the EUR/USD pair remains outside the overbought territory. Nonetheless, Early June’s daily chart is painting a mixed picture, FXStreet’s analyst Yohay Elam briefs. Key quotes “EUR/USD has broken above 1.1020, which was a double top and also where the 200-day Simple Moving Average hit the price. That is a significant bullish development. Momentum remains to the upside, and the Relative Strength Index is still below 70 – currently outside overbought conditions.” “Strong resistance awaits at 1.1150, a peak in late March. It is followed by 1.12, which was a stepping stone on the way and down during that turbulent month. It is followed by 1.1240, a swing high from March.” “The 1.1020 level switches to support. It is followed by 1.0950, where the 100-day SMA hits the price, and then by 1.10870, a low point in late May.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD: New month, new falls amid a never ending Brexit story FX Street 3 years Bulls are in control, as long as the EUR/USD pair remains outside the overbought territory. Nonetheless, Early June's daily chart is painting a mixed picture, FXStreet’s analyst Yohay Elam briefs. Key quotes “EUR/USD has broken above 1.1020, which was a double top and also where the 200-day Simple Moving Average hit the price. That is a significant bullish development. Momentum remains to the upside, and the Relative Strength Index is still below 70 – currently outside overbought conditions.” “Strong resistance awaits at 1.1150, a peak in late March. It is followed by 1.12, which was a stepping stone on the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
